PUBLISHER: The Business Research Company | PRODUCT CODE: 1217070
PUBLISHER: The Business Research Company | PRODUCT CODE: 1217070
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“Lithium-Ion (Li-Ion) Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on lithium-ion (li-ion) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for lithium-ion (li-ion) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The lithium-ion (li-ion) market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Companies Mentioned: A123 Systems; Automotive Energy Supply Corp; LG Chem; Panasonic; Samsung SDI
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Major players in the lithium-ion (Li-ion) batteries market are: A123 Systems, Automotive Energy Supply Corp, LG Chem, Panasonic, Samsung SDI, Toshiba, BYD, Automotive Energy Supply Corp, Contemporary Amperex Technology, and Johnson Controls.
The global lithium-ion (li-ion) market will grow from $47.48 billion in 2022 to $53.16 billion in 2023 at a compound annual growth rate (CAGR) of 12.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The lithium-ion (li-ion) market is expected to grow to $81.09 billion in 2027 at a compound annual growth rate (CAGR) of 11.1%.
The lithium-ion (Li-ion) batteries market consists of sales of lithium nickel magnesium cobalt (LI-NMC), lithium ferro phosphate (LFP), lithium cobalt oxide (LCO), lithium titanate oxide (LTO), lithium manganese oxide (LMO), and other lithium-ion (Li-ion) batteries. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The lithium-ion battery is a type of rechargeable battery having high energy density that uses lithium ions as a primary component of its electrolyte. Lithium-ion batteries are commonly used in electric vehicles, mobiles, laptops, power backups, and other electronic devices.
Asia Pacific was the largest region in the lithium-ion (Li-ion) market in 2022. North America was the second-largest region in the lithium-ion (Li-ion) market. The regions covered in the lithium-ion (Li-ion) batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of lithium-ion (Li-ion) batteries are Lithium Nickel Manganese Cobalt (LI-NMC), Lithium Iron Phosphate (LFP), Lithium Cobalt Oxide (LCO), Lithium Titanate Oxide (LTO), Lithium Manganese Oxide (LMO) and Lithium Nickel Cobalt Aluminum Oxide (NCA). The lithium iron phosphate battery is a type of lithium-ion battery with a cathode made of lithium iron phosphate and an anode made of graphitic carbon with a metallic backing. The various component used are cathode, anode, separators, electrolytes, aluminum foil, copper foil, others and are available in different power capacities such as 0 to 3000 Mah, 3000 to 10000mAH, 10000 to 60000 Mah and above 60000mAH. The chemistries used in lithium-ion (Li-ion) batteries are consumer electronics, automotive, marine, aerospace and defense, medical, industrial, power and others.
The growth of the lithium-ion batteries market is mainly driven due to the presence of high energy density features in lithium-ion batteries. High energy density helps the lithium-ion battery to run for a longer period. Most of the lithium-ion batteries used in portable devices are cobalt-based which offers the highest energy density. The energy density of the lithium-ion batteries is 100-265 Wh/kg or 250-670 Wh/L, which is one of the highest energy densities of any battery technology. High energy density in a lithium-ion battery made it the most preferred battery to be used in mobile phones, laptops, cameras and automobiles. Therefore, positively impacting the lithium-ion battery market's growth.
Safety concerns towards lithium-ion batteries is the major challenge faced by the lithium-ion batteries market. Lithium-ion batteries generate large amounts of energy, associated with the risk of explosion or fire. The temperature in lithium-ion batteries should never rise above 130°C which may lead to thermal runaway. Major causes of failure in lithium-ion batteries can be a puncture, overcharge, overheating, short circuit, internal cell failure, and deficiencies in the manufacturing process. For example, Several Tesla Model S sedans caught fire after battery shield getting damaged by road debris. Therefore, inadequate safety in lithium-ion batteries hindering the lithium-ion batteries market's growth.
Declining lithium-ion battery prices boosts the sales of lithium-ion batteries. Change in materials technology, manufacturing processes, overhead costs, and huge investments in lithium-ion battery industry contributed to the reduction in lithium-ion battery prices. Lithium-ion battery prices with combined cost for cell and pack will drop down to US$76 per kWh by 2030, and according to Navigant Consulting Research report.
In March 2022, Reliance New Energy Limited, a subsidiary of Reliance Industries Ltd acquired Lithium Werks BV for $61 million. This acquisition strengthens Reliance's cell chemistry technology expertise and accelerates the establishment of large-scale battery manufacturing in India. Lithium Werks BV is a Netherlands-based manufactures Lithium-Ion cells batteries.
The countries covered in the lithium-ion (Li-ion) batteries market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The lithium-ion (Li-ion) batteries market research report is one of a series of new reports from The Business Research Company that provides lithium-ion (Li-ion) batteries market statistics, including lithium-ion (Li-ion) batteries industry global market size, regional shares, competitors with a lithium-ion (Li-ion) batteries market share, detailed lithium-ion (Li-ion) batteries market segments, market trends and opportunities, and any further data you may need to thrive in the lithium-ion (Li-ion) batteries industry. This lithium-ion (Li-ion) batteries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.